Virgin Orbit Holdings Inc. , +60.67% shares soared 64.9% in premarket trade to rebound from the previous session’s record close. This was after Virgin Orbit, a launch and space solutions company, said that it would start an “incremental restart” of operations. The company stated that it will begin preparations for its next mission on Thursday, March 23. A further resumption is planned for March 27. To conserve capital, the company initiated a company-wide shutdown on March 16 to allow it to meet with potential funding sources. It also explored strategic options. Virgin Orbit stated that the company did not intend to release any further developments in relation to these discussions until its Board of Directors approved a specific transaction or another course of action that requires disclosure. The stock fell 60.0% during a seven-day losing streak that ended Tuesday at 44 cents. This is the longest losing streak since Dec. 9, 2022, when it was down for 10 consecutive sessions. The stock has fallen 76.0% in the past year, while S&P 500 SPX has gained 4.3%.